The Eastern Cape Rural Development Agency seeks a qualified service provider for actuarial valuation services over three years. The provider will assess long service benefits in compliance with GRAP 25 standards.
The Eastern Cape Rural Development Agency (ECRDA) invites proposals for the provision of actuarial valuation services for a period of three years. The selected service provider will be responsible for conducting annual assessments for the 2025/26, 2026/27, and 2027/28 financial years, specifically focusing on long service benefits for employees who have completed ten or more years of service. This evaluation must align with the standards set forth in GRAP 25 (Employee Benefits), ensuring accurate liability calculations based on employee demographics and financial assumptions.
The scope of work includes analyzing the Agency's policies, assessing employee resignation probabilities, and providing detailed reports on the actuarial valuations performed. Bidders must demonstrate relevant experience in the public sector and provide a comprehensive methodology for executing the required services. This tender presents an opportunity for firms with expertise in actuarial services to contribute to the ECRDA's commitment to employee recognition and financial compliance.
This tender is suitable for actuarial firms and professionals with experience in employee benefits valuation, particularly those familiar with public sector regulations and GRAP standards.